The chief strategist: Wall Street overvalued even before the Trump rally

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EFN Ekonomikanalen

Published on Nov 17, 2024
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US stock markets were overvalued even before the presidential election and the marked rise that accompanied Donald Trump's election victory. That's according to Paul Jackson, global chief strategist at asset manager Invesco. He is also doubtful about how much the Republican policies will really fatten the US economy and corporate growth. “Will the economy get stronger? I am skeptical. Tariffs are basically a punishment on one's own economy," says Paul Jackson in a conversation with EFN's Gabriel Mellqvist at Invesco's London office. Europe's stock markets are more reasonably valued, reasons the chief strategist, who also thinks that the outlook for the UK is now better than before. ______________________________ Do you like the video? Subscribe to EFN on YouTube: https://www.youtube.com/efnekonomikan... Please visit http://www.efn.se for more of our content. X: https://x.com/efntv Facebook: / efnekonomikanalen Instagram: / efnekonomikanalen Linkedin: / efn Tiktok: / efn_ekonomikanalen

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